LME aluminium benchmark price contracts by US$36.5/t; SHFE price drops to US$2775/t

Based on the LME aluminium price graph, both 3-month bid price and 3-month offer price dwindled by US$36 per tonne or 1.42 per cent to clock at US$2,489 per tonne and US$2,489.50 per tonne. December 25 bid price and December 25 offer price slumped by US$32 per tonne or 1.19 per cent to settle at US$2,648 per tonne and US$2,653 per tonne.

LME aluminium opening stock came in at 987025 tonnes. Live warrants and Cancelled warrants stood at 446575 tonnes and 540450 tonnes. LME aluminium 3-month Asian Reference Price contracted by US$48.17 per tonne or 1.90 per cent to peg at US$2,482.73 per tonne.